Birchcliff Energy (TSE:BIR) had its price objective hoisted by CIBC from C$6.00 to C$6.50 in a research report sent to investors on Wednesday.

Several other research firms have also issued reports on BIR. Cormark upped their target price on Birchcliff Energy from C$9.50 to C$10.50 in a report on Wednesday. Industrial Alliance Securities upped their target price on Birchcliff Energy from C$6.50 to C$7.00 in a report on Wednesday. Canaccord Genuity upped their price objective on Birchcliff Energy from C$6.50 to C$7.00 in a research note on Thursday, May 10th. BMO Capital Markets upped their price objective on Birchcliff Energy from C$5.00 to C$5.50 in a research note on Wednesday. Finally, TD Securities upped their price objective on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, May 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$7.54.

BIR opened at C$4.83 on Wednesday. Birchcliff Energy has a 52-week low of C$2.90 and a 52-week high of C$6.46.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.

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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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